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Why lenders are curbing interest-only Mortgages

In the last few weeks we have seen huge changes to some of the major lenders lending policies in regards to interest only mortgages. Lloyds Banking Group made the decision to bring in changes to interest-only mortgage criteria after Santander cut … [Read more...]

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AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.
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